PART TWO: ANOTHER ADDITIONAL METRIC before the AGM in November for shareholders to look at.
Hi everyone,
here is another metric, hope it helps you.
METRIC - How GTE management allocates its business time, using SOLELY ASX announcements as the measure.
ASX announcement categories during the year
2015
2016
2017
2018
1 Announcements
41 in 2015
55 in 2016
99 in 2017
33 so far (Nov 1)
2 NON MINE lease area announcements
In citation, and as a % of total for the year
(% rounded)
3 Financial Reports (legally bound)
10 24.4%
10 18.2%
10 10.1%
10 30.3%
4 Director related reports
5 12.2%
9 16.4%
7 7.1%
2 6.05%
5 Meeting related
7 17.1%
5 9.1%
7 7.1%
2 6.05%
6 Administration related (all other types from above, and lease related types, below)
16 39%
18 32.7%
38 38.4%
4 12.1%
7 Investor Presentations
----
1 2.0%
2 2.0%
2 6.05%
8 % TOTAL
92.7%
78.4%
64.6%
60.6%
9 MINE LEASE related announcements
10 Chisel
2 4.8%
2 3.6%
4 4.0%
4 12.1%
11 Yerrida
1 2.4%
----
----
----
12 Harris Find
----
2 3.6%
----
----
13 Vanguard
----
5 9.1%
3 3.0%
----
14 Gold acquisition
----
3 5.5%
----
----
15 Yandal West
----
----
19 19.2%
8 24.2%
16 Ives (gold)
----
----
5 5.5%
----
17 Yerrida/Sandfire (north)
----
----
3 3.0%
1 3.0%
18 Finlayson
----
----
1 1.0%
----
19 % TOTAL
7.2%
21.8%
35.7%
39.3%
Analysis: The year 2015 was a transitional year when the THEN GTE refocused on WA exploration, so is non exploratory year altogether, as the percentages show. The trend of the last four years, shows GTE a micro financed mineral exploration company re-focusing on acquiring WA mining leases. This occurs in two phases, 2016 and up to mid 2017, lease acquisitions, then in exploratory drilling from then on. On this note we see the salary of the CEO Jordan Luckett going up from [Salary , Fees and Options] at $161,400pa in both 2015 and 2016, to $206,610 in 2017 and $321,400 in 2018. We can only presume that the raising of several million dollars by the company in 2016/2017 and organizing remote drill teams justified this pay rise, through the longer work hours involved ! Mining talent costs money, shareholders, I hope we in turn get some value from all this demanding preparatory work, and soon………!
Cheers
Bluequartz
